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BRUSSELS (AP) — The European Union is warning Russia that interfering with gas deliveries to Ukraine to apply political pressure would backfire by damaging its reputation as a reliable supplier for the EU.
General Electric Co posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation. "The big story is the organic revenue growth," said Tim Ghriskey, chief investment officer of Solaris Asset Management, which owns GE shares. "It really shows the return to an industrial emphasis is paying off, and where the company is focusing." GE Chief Executive Officer Jeff Immelt wants to focus the company even more on manufacturing of large industrial products as he reduces the company's dependence on its GE Capital finance unit.